diff --git a/domains/internet-finance/metadao-ico-platform-demonstrates-15x-oversubscription-validating-futarchy-governed-capital-formation.md b/domains/internet-finance/metadao-ico-platform-demonstrates-15x-oversubscription-validating-futarchy-governed-capital-formation.md
index 0d3a169be..240b76aa8 100644
--- a/domains/internet-finance/metadao-ico-platform-demonstrates-15x-oversubscription-validating-futarchy-governed-capital-formation.md
+++ b/domains/internet-finance/metadao-ico-platform-demonstrates-15x-oversubscription-validating-futarchy-governed-capital-formation.md
@@ -66,6 +66,12 @@ Cloak raised only $1,455 against a $300,000 target (0.5% of target), entering re
 
 Phonon Studio AI launch failed to reach its $88,888 target and entered refunding status, demonstrating that not all futarchy-governed raises succeed. The project had demonstrable traction (live product, 1000+ songs generated, functional token mechanics) but still failed to attract sufficient capital, suggesting futarchy capital formation success is not uniform across project types or market conditions.
 
+
+### Additional Evidence (extend)
+*Source: [[2026-03-09-pineanalytics-x-archive]] | Added: 2026-03-16*
+
+Q4 2025 data: 8 ICOs, $25.6M raised, $390M committed, 95% refund rate from oversubscription. The 95% refund rate quantifies the capital efficiency metric, showing that pro-rata allocation creates massive oversubscription that must be returned.
+
 ---
 
 Relevant Notes:
diff --git a/inbox/archive/2026-03-09-pineanalytics-x-archive.md b/inbox/archive/2026-03-09-pineanalytics-x-archive.md
index 97479c3d9..6423432cc 100644
--- a/inbox/archive/2026-03-09-pineanalytics-x-archive.md
+++ b/inbox/archive/2026-03-09-pineanalytics-x-archive.md
@@ -6,7 +6,7 @@ url: https://x.com/PineAnalytics
 date: 2026-03-09
 domain: internet-finance
 format: tweet
-status: unprocessed
+status: enrichment
 tags: [metadao, analytics, futardio, decision-markets, governance-data, jupiter]
 linked_set: metadao-x-landscape-2026-03
 curator_notes: |
@@ -24,6 +24,10 @@ extraction_hints:
   - "Futardio launch metrics already partially archived — check for new data not in existing archive"
   - "Cross-reference with existing archives to avoid duplication"
 priority: medium
+processed_by: rio
+processed_date: 2026-03-16
+enrichments_applied: ["metadao-ico-platform-demonstrates-15x-oversubscription-validating-futarchy-governed-capital-formation.md"]
+extraction_model: "anthropic/claude-sonnet-4.5"
 ---
 
 # @PineAnalytics X Archive (March 2026)
@@ -56,3 +60,12 @@ priority: medium
 ## Noise Filtered Out
 - Mostly retweets and community engagement
 - Original content is almost exclusively data-driven — very little opinion
+
+
+## Key Facts
+- MetaDAO Q4 2025: $300M AMM volume, $1.5M in fees
+- Jupiter governance proposal: 303 views, 2 comments
+- MetaDAO futarchy equivalent: $40K volume, 122 trades
+- bankme token: -55% in 45 minutes
+- MetaDAO ICOs: no project has gone below launch price
+- Q4 2025: 8 ICOs, $25.6M raised, $390M committed, 95% refund rate